Bulletin
Investor Alert
×

Market Pulse Archives

July 19, 2019, 10:18 a.m. EDT

Boeing's stock 'relief' rally is helping keep the Dow positive

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Boeing Co. (BA)
  • X
    Dow Jones Industrial Average (DJIA)

or Cancel Already have a watchlist? Log In

By Tomi Kilgore

Shares of Boeing Co. /zigman2/quotes/208579720/composite BA +1.41% surged 3.9% in morning trading Friday, enough to keep the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +0.13% in positive territory, in the wake of the aerospace giant's announcement of a 737 Max-related charge of $5.6 billion. The stock's price gain of $13.99 was adding about 95 points to the Dow's price, which was up 89 points. J.P. Morgan analyst Seth Seifman said despite the larger-than-expected charge, he believes Boeing's decision to keep 737 Max production at 42 per month and its plan to boost production to 57 per month in 2020 "is likely a relief" for investors.

/zigman2/quotes/208579720/composite
US : U.S.: NYSE
$ 384.20
+5.35 +1.41%
Volume: 3.30M
Sept. 17, 2019 6:30p
P/E Ratio
44.99
Dividend Yield
2.14%
Market Cap
$213.18 billion
Rev. per Employee
$660,961
loading...
/zigman2/quotes/210598065/realtime
US : Dow Jones Global
27,110.80
+33.98 +0.13%
Volume: 223.58M
Sept. 17, 2019 4:56p
loading...

This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.